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Commission hears legislative alerts: potential federal change to municipal bond tax status and state property-tax bills
Summary
County legislative staff and commissioners discussed two separate policy developments that could affect local government financing: a National Association of Counties briefing on a possible federal change to the tax treatment of municipal bonds and a late-breaking package of state bills affecting property-tax procedures and ASTRA distributions.
County legislative staff and commissioners discussed two separate policy developments that could affect local government financing: a National Association of Counties briefing on a possible federal change to the tax treatment of municipal bonds and a late-breaking package of state bills affecting property-tax procedures and ASTRA distributions.
Lindsay (staff member) and others summarized a NACO briefing that a federal administration option under consideration would tax interest on municipal bonds, eliminating the tax-exempt treatment for new issues. Staff…
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